The effect of CEO turnover on dropped coverage of analysts issuing biased earnings forecasts

Shin-Rong Shiah-Hou

Applied Economics Letters, 2020, vol. 27, issue 14, 1175-1187

Abstract: This study offers evidence on the relationship between analysts’ dropped coverage and CEO turnover, based on analyst forecast bias. The results suggest that analysts with more frequent forecast biases are more likely to drop their covered firms which their CEOs are replaced. Especially as for cases of new CEOs hired from the outside, the effect of analyst biased forecast on analysts’ dropped coverage corresponding with CEOs turnover are stronger. However, this effect is weaker in the post-SOX period (after 2003) than in the pre-Reg FD period (before 2000).

Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2019.1676372 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:27:y:2020:i:14:p:1175-1187

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2019.1676372

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().